HashKey Capital Raises US$250 Million in First Close of Crypto Fund IV

Quick Breakdown 

• HashKey Capital raised US$250 million in the first close of its fourth crypto fund, targeting a final close of US$500 million.
• Fund IV will focus on blockchain infrastructure, developer tooling, and scalable, utility-driven crypto applications.
• The raise signals renewed institutional interest in digital assets as market conditions and regulation stabilise.

 

HashKey Capital has completed the first closing of its fourth fund, securing US$250 million to expand investments across global crypto and blockchain markets. The fund, HashKey Fintech Multi-Strategy Fund IV, surpassed internal targets and is aiming for a final close of US$500 million, underscoring sustained institutional interest in digital assets.

The Singapore-based asset manager said the fund attracted capital from institutional investors, family offices, and high-net-worth individuals seeking diversified exposure to the crypto sector as market conditions stabilise. The raise comes as capital flows gradually return to blockchain infrastructure and utility-driven applications after a prolonged market downturn.

HashKey Capital has completed the first closing of Fund IV with $250 million in commitments. 🎉

This multi-strategy fund will focus on blockchain infrastructure, mass adoption use cases & emerging markets.

Wishing everyone happy holidays as we look forward to an innovative…

— HashKey Capital (@HashKey_Capital) December 24, 2025

Focus on blockchain infrastructure and scalable crypto use cases 

Fund IV will deploy capital using a multi-strategy approach across public and private markets, with a primary focus on core blockchain infrastructure, developer tooling, and applications built for large-scale adoption. HashKey said the strategy is designed to capture liquidity opportunities in public markets while supporting private companies developing foundational crypto technologies.

The fund will also target projects operating at the intersection of blockchain, AI, and financial services, areas where institutional adoption is accelerating. By balancing liquid and illiquid investments, HashKey aims to manage volatility while positioning for long-term growth in the digital asset economy.

Institutional demand signals maturing crypto markets

HashKey Capital’s latest raise adds to signs of renewed institutional engagement with crypto, particularly in Asia, where regulatory frameworks are becoming more defined. The firm has been an early institutional backer of major blockchain networks, including Ethereum, and continues to play an active role in regulated crypto investment products.

HashKey Capital said Fund IV will help bridge traditional capital with on-chain markets. The firm expects deployment to accelerate through 2026 as institutional participation in crypto deepens and infrastructure adoption expands.

HashKey Capital also holds a Type 9 license from Hong Kong’s Securities and Futures Commission, enabling it to provide discretionary account management for cryptocurrencies. This approval allows the firm to manage investment products spanning spot crypto and derivatives.